USA: Alpha Pro Tech President Featured On WallStreetReporter.com
WallStreetReporter.com is a leading information resource for money managers, analysts, bankers and investors. It has conducted more than 3,000 in-depth interviews with CEOs since it became the first Internet site to offer daily CEO interviews in December 1996. The interview with Mr Millar can be heard online at www.wallstreetreporter.com.
Mr Millar, presenting an overview of Alpha Pro Tech during the interview, stated that the company was on track to achieve record revenues of $21-$22 million, with earnings in the range of $.06-$.08 per share in the current year ending December 31, 2000. Beyond this expected growth in its core business, Mr Millar also said that the Company's recent supply agreement to market food service safety products to 25,000 McDonald's Corp restaurants worldwide will be the impetus for further anticipated growth beginning late in the current year and into the next.
In the year ended December 31, 1999, Alpha Pro Tech reported revenues of $20,235,000 and net income of $1,129,000, or $.05 per share. For the first quarter ended March 31, 2000, the Company reported revenues of $4,940,000, and net income of $412,000, or $.02 per share.
Alpha Pro Tech, Ltd develops, manufactures and markets innovative disposable and limited-use protective apparel products for the medical, dental, industrial, clean room and food service markets. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Janesville, Wisconsin; Valdosta, Georgia; and Benjamin Hill and Nogales, Mexico. For more information visit Alpha Pro Tech's Website at http://www.alphaprotech.com.
This news release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in registration statements, annual reports and other periodic reports and filings of the Company filed with the Securities and Exchange Commission. All statements, other than statements of historical facts, which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, including statements with respect to year 2000 compliance, can be identified as forward-looking statements. As a result, there can be no assurance that the Company's future results will not be materially different from those described herein as "believed," "anticipated," "estimated" or "expected," which reflect the current views of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based.
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